Saturday, 14 February 2015

Mere issuance of ads by banks to launch gold loan products wasn't indicative of any anti-competitive

Competition Act : Where informant alleged that scheduled commercial banks had entered into anti-competitive arrangement to determine price and control gold loan business, and, there was nothing on record to suggest that alleged agreement had been arrived at by these banks in concert, no case of contravention of provisions of section 3 was made out


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